Pi Coin Soars Over 150% in a Week Ahead of Key May 14 Update

Pi Network’s native token, Pi Coin (PI), is drawing major attention after delivering one of the strongest rallies in the crypto market this month. The coin has surged over 62% in just the past 24 hours, with weekly gains reaching a staggering 155%. Over the last two weeks, PI is up 142%, and it's posted a 130% rise in the past month—positioning it among the top-performing digital assets in the crypto space.

This explosive growth aligns with a broader market upswing, largely sparked by Bitcoin’s (BTC) resurgence above the $104,000 level. Fueling BTC’s surge is a fresh wave of institutional investment, including significant purchases by asset management giant BlackRock, which has reportedly added billions in BTC holdings since late April.

Adding to the bullish climate, geopolitical developments and multiple U.S. trade deals have lifted market optimism. Meanwhile, speculation around a possible interest rate cut by the Federal Reserve is prompting a shift toward higher-risk assets, providing another tailwind for cryptocurrencies like PI.

What’s adding even more intrigue to PI’s rally is the buzz surrounding a major announcement expected from the Pi Network on May 14. While the details remain under wraps, anticipation alone is driving speculative interest. If the news delivers, it could extend PI’s rally further. Currently, the token still trades nearly 50% below its all-time high of $2.99, leaving room for potential upside—especially if Bitcoin breaks past its previous peak of $108,786.

However, the rally isn't without risks. Critics point out that PI’s real-world utility remains limited, and much of its price action appears to be driven by hype and speculation. A disappointment on May 14 could trigger a sharp correction.

For now, investors are closely watching both the broader macroeconomic signals and the Pi Network’s next move—either of which could decide whether PI continues its meteoric rise or faces a sharp reversal.